Commitments and contingencies |
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and contingencies | 17. Commitments and contingencies Litigation From time to time in the normal course of business, the Company may be involved in formal and informal dispute resolution processes, which may include arbitration or litigation, the outcomes of which determine the rights and obligations under the Company’s insurance and reinsurance contracts and other contractual agreements. In some disputes, the Company may seek to enforce its rights under an agreement or to collect funds owed to it. In other matters, the Company may resist attempts by others to collect funds or enforce alleged rights. The Company may also be involved, from time to time in the normal course of business, in formal and informal dispute resolution processes that do not arise from, or are not directly related to, claims activity. The Company believes that no individual litigation or arbitration to which it is presently a party is likely to have a material adverse effect on its results of operations, financial condition, business or operations. Leases The Company operates globally and leases office space under various non-cancelable operating lease agreements. During the three and six months ended June 30, 2026, the Company recognized operating lease expense of $2.2 million and $4.7 million, respectively (2025 - $2.6 million and $4.5 million, respectively), including property taxes and routine maintenance expense, as well as rental expenses related to short-term leases. The following table presents the lease balances within the consolidated balance sheets as of June 30, 2026 and December 31, 2025:
(2) Operating lease liabilities are included in on the Company’s consolidated balance sheets. Future minimum rental commitments as of June 30, 2026 under these leases are expected to be as follows:
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